Exxon Mobil Co. (NYSE:XOM) Shares Acquired by Founders Financial Alliance LLC

Founders Financial Alliance LLC boosted its holdings in shares of Exxon Mobil Co. (NYSE:XOM) by 6.3% during the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 24,660 shares of the oil and gas company’s stock after purchasing an additional 1,467 shares during the period. Exxon Mobil makes up 0.8% of Founders Financial Alliance LLC’s investment portfolio, making the stock its 22nd largest holding. Founders Financial Alliance LLC’s holdings in Exxon Mobil were worth $2,839,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of XOM. FPC Investment Advisory Inc. acquired a new position in Exxon Mobil during the 1st quarter worth approximately $25,000. Fairway Wealth LLC acquired a new position in shares of Exxon Mobil during the 2nd quarter worth $35,000. Anfield Capital Management LLC increased its holdings in Exxon Mobil by 360.0% in the second quarter. Anfield Capital Management LLC now owns 322 shares of the oil and gas company’s stock valued at $37,000 after buying an additional 252 shares in the last quarter. Fairscale Capital LLC acquired a new position in Exxon Mobil during the second quarter worth $39,000. Finally, POM Investment Strategies LLC boosted its position in Exxon Mobil by 918.9% during the second quarter. POM Investment Strategies LLC now owns 377 shares of the oil and gas company’s stock worth $43,000 after purchasing an additional 340 shares in the last quarter. 61.80% of the stock is currently owned by institutional investors and hedge funds.

Exxon Mobil Stock Performance

Exxon Mobil stock opened at $117.21 on Tuesday. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.36 and a quick ratio of 1.01. Exxon Mobil Co. has a 12 month low of $95.77 and a 12 month high of $123.75. The company has a market cap of $462.16 billion, a price-to-earnings ratio of 14.36, a price-to-earnings-growth ratio of 4.86 and a beta of 0.90. The stock’s 50-day moving average is $115.80 and its 200-day moving average is $115.75.

Exxon Mobil (NYSE:XOM) last released its quarterly earnings data on Friday, August 2nd. The oil and gas company reported $2.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.04 by $0.10. The company had revenue of $93.06 billion during the quarter, compared to the consensus estimate of $90.09 billion. Exxon Mobil had a net margin of 9.73% and a return on equity of 16.07%. Exxon Mobil’s revenue for the quarter was up 12.2% on a year-over-year basis. During the same period in the previous year, the firm earned $1.94 earnings per share. Equities analysts anticipate that Exxon Mobil Co. will post 8.06 earnings per share for the current year.

Exxon Mobil Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Thursday, August 15th were issued a dividend of $0.95 per share. The ex-dividend date was Thursday, August 15th. This represents a $3.80 annualized dividend and a yield of 3.24%. Exxon Mobil’s dividend payout ratio is presently 46.57%.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the stock. Redburn Atlantic reissued a “neutral” rating and issued a $120.00 price objective (up from $119.00) on shares of Exxon Mobil in a research note on Tuesday, September 24th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $135.00 price target on shares of Exxon Mobil in a research report on Tuesday, July 9th. Sanford C. Bernstein reduced their target price on Exxon Mobil from $139.00 to $138.00 and set an “outperform” rating on the stock in a research note on Wednesday, July 17th. Truist Financial dropped their price target on Exxon Mobil from $121.00 to $117.00 and set a “hold” rating for the company in a research report on Monday. Finally, Wolfe Research initiated coverage on Exxon Mobil in a research note on Thursday, July 18th. They set an “outperform” rating and a $146.00 price objective on the stock. Eight investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Exxon Mobil currently has an average rating of “Moderate Buy” and a consensus price target of $134.75.

Exxon Mobil Profile

Exxon Mobil Corporation engages in the exploration and production of crude oil and natural gas in the United States and internationally. It operates through Upstream, Energy Products, Chemical Products, and Specialty Products segments. The Upstream segment explores for and produces crude oil and natural gas.